Published: 13th August 2012
The Joint Administrators are pleased to confirm that completion of the sale of the Studios took place on Wednesday, 8 August 2012 for an undisclosed sum. Gerald Maurice Krasner, on behalf of the Joint Administrators, stated that he was pleased that all the jobs at the Studios had been saved and that it would survive to see its Centenary next year. The purchaser of the Studios is Twickenham Studios Limited.
Gerald qualified in 1971 as an ACA with Peat Marwick Mitchell and subsequently joined Bartfields Chartered Accountants where he began to specialise in Insolvency. He was one of the first licence holders in 1986 when he specialised in CVAs before they became more popular. Gerald has worked on numerous successful cases including Krasner v Dennison, for which he won in the Court Of Appeal and as a consequence changed the treatment of a bankrupts' pensions.
In 2004 he became chairman and part owner of Leeds United AFC which had debts of circa £103 million. These were reduced to £24 million before the club was sold the following year. In 2007 he sold the insolvency division of Bartfields to Begbies Traynor and became a partner at the firm.
Gerald has lectured both nationally and internationally to fellow insolvency practitioners and other professionals, and has also been involved in committees for both R3 and Insol.
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